Regional banks up nicely due to the merger of STI and BBT. Chinese internet stocks and the chip stocks are having a bad day. Utility and real estate are up though, I guess they outperform due to yields are moving sharply lower for the day
Oh yeah, what a move off the 52 week lows Looked like I got some shares at $79.58 back in December, so I am kind glad that it recovered
House leader is having a press conference at 12pm. Rumor is that they think they can avoid a government shutdown; there might even be funding for a wall. Anyway, whatever the truth turns out to be, there could be action at 12pm.
Good Friday morning to all. Here is the morning's pre-market news thread for those of you wanting to get a quick read before today's open- <-- click there to read! Hope everyone has a great trading day ahead on this final trading day of the week!
Morning Lineup – Close But No Cigar Feb 8, 2019 A very rough night in Asia (2% declines on the Nikkei) and weak earnings in Europe have equities on the eastern side of the Atlantic lower and credit spreads wider. Commodities are basically treading water on high volume, with oil down but products up, while the USD is at session lows along with UST yields. There’s no economic data in the US today, but there were a ton of earnings reports for investors to deal with overnight. Barring a big rally today, the chart below is the one practically every technician will be brooding over this weekend. After rallying but coming up just shy of its 200-DMA on Tuesday, the S&P 500 has seen two straight days of declines and is on pace for a third down day today. The failure of bulls to get the S&P 500 above this level on the first attempt is not the end of the world, but it doesn’t help short-term sentiment either.
Looks like the weekly winning streak for the market will end here today What a bounce back though after that December sell off
and as we're coming into the cash close here on this final trading day of the week, i just wanted to quickly take this time out to thank everyone who took part in the daily discussions in here this week! you guys rock. hope everyone has a nice weekend ahead and we'll catch y'alls back at it in here same bat time, same bat channel monday morning!
with that last minutes spike, does that extend the weekly win streak on the cash spx? haven't checked yet ... guess i'll do that now lol
